- The World Bank, the Government of India and representatives of 5 States of Government of India and Implementing Agencies signed here in New Delhi today the Loan Agreement for Additional Financing of $137 Million for the Dam Rehabilitation and Improvement Project (DRIP) that will help rehabilitate and modernize over 220 selected large dams in the States of Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu and Uttarakhand.
About the Project:
- In 2010, the Bank’s Board approved $350 million to finance the Dam Rehabilitation and Improvement Project to improve the safety and sustainable performance of over 220 selected dams in India. This Ongoing Project has so far benefitted 25 Million Primary Beneficiaries from urban and rural communities providing them water and livelihood opportunities.
- India is home to more than 5200 large dams and another 400 that are under construction having a total storage capacity of more than 300 billion cubic meters. Rainfall, which occurs mainly in intense and unpredictable downpours within short monsoon seasons, is of high temporal and spatial variability and does not meet year-round irrigation and other water demands. Considering this, storage of water is essential for India. The dams play a key role in fostering rapid and sustained agricultural and rural growth and development – a key priority for the Government of India since independence.
- These dams benefit millions of people who rely on their waters for livelihood, and therefore need to be strengthened with more investment in their operations and maintenance. Flood protection measures in many dams need to be supported as well, as their failure could pose serious risks to downstream communities.